The underwriting syndicate shall be composed of the leading underwriting security company and participating underwriting security companies .

承销 团应当由主承销和参与承销的证券公司组成。

Article 25 . Where the total face value of a public stock issue exceeds 50 million renminbi the issue shall be underwritten by an underwriting syndicate which shall include a principal underwriting securities company and other companies who participate as joint underwriters of the share issue .

第二十五条向社会公开发行的证券票面总值超过人民币五千万元的，应当由承销 团承销。 承销 团应当由主承销和参与承销的证券公司组成。

If an underwriting syndicate comprises three or more underwriters it may have a deputy lead underwriter to assist the lead underwriter in organizing the underwriting activities .

承销 团由三家以上承销商组成的，可以设副主承销商，协助主承销商组织承销活动。

This was followed by the leaking of a confidential draft underwriting agreement and claims that this was so full of get-outs that even the selected syndicate banks were bound to head for the door at the earliest opportunity .

随后，它们又泄露出一份机密的 承销协议草案，并声称协议中到处都是脱身条款，即使被选中参与 承销的银行也必将尽早抽身而退。